Short Background of the Fund

PEEB Med, an initiative under the Programme for Energy Efficiency in Buildings (PEEB), aims to support seven countries in the Mediterranean region through technical assistance and finance. Given that buildings and construction contribute significantly to greenhouse gas emissions, especially in the Mediterranean region, PEEB Med seeks to advance resilient and energy-efficient building design, construction, and operation. With funding of €30 million approved by the European Commission and a total budget of €460 million, PEEB Med will provide technical project assistance and investment grants to cover the extra cost of energy efficiency measures, thereby facilitating the implementation of large-scale renovation and construction projects in the region. These projects will not only benefit millions of people directly but also contribute to avoiding 1 million tonnes of CO2 equivalent over 50 years. PEEB Med’s collaboration with the Mitigation Enabling Energy Transition in the Mediterranean region project (MeetMED II) will further enhance its impact by disseminating knowledge and unlocking synergies between policy support actions and energy efficiency financing. https://www.peeb.build/fr/peebmed